vs
通用动力（GD）与美光科技（MU）财务数据对比。点击上方公司名可切换其他公司
美光科技的季度营收约是通用动力的1.8倍（$23.9B vs $13.5B），美光科技净利率更高（57.8% vs 8.3%，领先49.4%），美光科技同比增速更快（196.3% vs 10.3%），过去两年美光科技的营收复合增速更高（75.5% vs 6.1%）
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
美光科技是总部位于美国爱达荷州博伊西的半导体厂商，专注于计算机内存及数据存储产品的研发生产，核心产品涵盖动态随机存取存储器（DRAM）、闪存、固态硬盘（SSD）等，是全球知名的存储解决方案供应商，产品广泛应用于消费电子、数据中心等诸多领域。
GD vs MU — 直观对比
营收规模更大
MU
是对方的1.8倍
$13.5B
营收增速更快
MU
高出186.0%
10.3%
净利率更高
MU
高出49.4%
8.3%
两年增速更快
MU
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $23.9B |
| 净利润 | $1.1B | $13.8B |
| 毛利率 | — | 74.4% |
| 营业利润率 | 10.5% | 67.6% |
| 净利率 | 8.3% | 57.8% |
| 营收同比 | 10.3% | 196.3% |
| 净利润同比 | 13.2% | 770.8% |
| 每股收益（稀释后） | $4.10 | $12.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GDMU
| Q2 26 | — | $23.9B | ||
| Q1 26 | $13.5B | $23.9B | ||
| Q4 25 | $14.4B | $13.6B | ||
| Q3 25 | $12.9B | $11.3B | ||
| Q2 25 | $13.0B | $9.3B | ||
| Q1 25 | $12.2B | $8.1B | ||
| Q4 24 | $13.3B | $8.7B | ||
| Q3 24 | $11.7B | $7.8B |
净利润GDMU
| Q2 26 | — | $13.8B | ||
| Q1 26 | $1.1B | $13.8B | ||
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $994.0M | $1.6B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $930.0M | — |
毛利率GDMU
| Q2 26 | — | 74.4% | ||
| Q1 26 | — | 74.4% | ||
| Q4 25 | — | 56.0% | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 35.3% |
营业利润率GDMU
| Q2 26 | — | 67.6% | ||
| Q1 26 | 10.5% | 67.6% | ||
| Q4 25 | 10.1% | 45.0% | ||
| Q3 25 | 10.3% | 32.3% | ||
| Q2 25 | 10.0% | 23.3% | ||
| Q1 25 | 10.4% | 22.0% | ||
| Q4 24 | 10.7% | 25.0% | ||
| Q3 24 | 10.1% | — |
净利率GDMU
| Q2 26 | — | 57.8% | ||
| Q1 26 | 8.3% | 57.8% | ||
| Q4 25 | 7.9% | 38.4% | ||
| Q3 25 | 8.2% | 28.3% | ||
| Q2 25 | 7.8% | 20.3% | ||
| Q1 25 | 8.1% | 19.7% | ||
| Q4 24 | 8.6% | 21.5% | ||
| Q3 24 | 8.0% | — |
每股收益（稀释后）GDMU
| Q2 26 | — | $12.07 | ||
| Q1 26 | $4.10 | $12.07 | ||
| Q4 25 | — | $4.60 | ||
| Q3 25 | — | $2.83 | ||
| Q2 25 | — | $1.68 | ||
| Q1 25 | — | $1.41 | ||
| Q4 24 | — | $1.67 | ||
| Q3 24 | — | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.7B | $14.6B |
| 总债务越低越好 | $6.3B | $9.6B |
| 股东权益账面价值 | $26.1B | $72.5B |
| 总资产 | $59.0B | $101.5B |
| 负债/权益比越低杠杆越低 | 0.24× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资GDMU
| Q2 26 | — | $14.6B | ||
| Q1 26 | $3.7B | $13.9B | ||
| Q4 25 | $2.3B | $9.7B | ||
| Q3 25 | $2.5B | $9.6B | ||
| Q2 25 | $1.5B | $10.2B | ||
| Q1 25 | $1.2B | $7.6B | ||
| Q4 24 | $1.7B | $6.7B | ||
| Q3 24 | $2.1B | $7.0B |
总债务GDMU
| Q2 26 | — | $9.6B | ||
| Q1 26 | $6.3B | $9.6B | ||
| Q4 25 | $8.1B | $11.2B | ||
| Q3 25 | — | $14.0B | ||
| Q2 25 | — | $15.0B | ||
| Q1 25 | — | $13.9B | ||
| Q4 24 | $8.8B | $13.3B | ||
| Q3 24 | — | $13.0B |
股东权益GDMU
| Q2 26 | — | $72.5B | ||
| Q1 26 | $26.1B | $72.5B | ||
| Q4 25 | $25.6B | $58.8B | ||
| Q3 25 | $24.4B | $54.2B | ||
| Q2 25 | $23.6B | $50.7B | ||
| Q1 25 | $22.2B | $48.6B | ||
| Q4 24 | $22.1B | $46.8B | ||
| Q3 24 | $23.0B | $45.1B |
总资产GDMU
| Q2 26 | — | $101.5B | ||
| Q1 26 | $59.0B | $101.5B | ||
| Q4 25 | $57.2B | $86.0B | ||
| Q3 25 | $57.6B | $82.8B | ||
| Q2 25 | $56.9B | $78.4B | ||
| Q1 25 | $56.6B | $73.1B | ||
| Q4 24 | $55.9B | $71.5B | ||
| Q3 24 | $57.3B | $69.4B |
负债/权益比GDMU
| Q2 26 | — | 0.13× | ||
| Q1 26 | 0.24× | 0.13× | ||
| Q4 25 | 0.32× | 0.19× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | 0.40× | 0.28× | ||
| Q3 24 | — | 0.29× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $20.3B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 14.5% | — |
| 资本支出强度资本支出/营收 | 1.5% | 21.0% |
| 现金转化率经营现金流/净利润 | — | 1.47× |
| 过去12个月自由现金流最近4个季度 | $6.2B | — |
8季度趋势，按日历期对齐
经营现金流GDMU
| Q2 26 | — | $20.3B | ||
| Q1 26 | — | $11.9B | ||
| Q4 25 | $1.6B | $8.4B | ||
| Q3 25 | $2.1B | $17.5B | ||
| Q2 25 | $1.6B | $4.6B | ||
| Q1 25 | $-148.0M | $3.9B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $1.4B | $8.5B |
自由现金流GDMU
| Q2 26 | — | — | ||
| Q1 26 | $2.0B | $5.5B | ||
| Q4 25 | $952.0M | $3.0B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $-290.0M | $-113.0M | ||
| Q4 24 | $1.8B | $38.0M | ||
| Q3 24 | $1.2B | $121.0M |
自由现金流率GDMU
| Q2 26 | — | — | ||
| Q1 26 | 14.5% | 23.1% | ||
| Q4 25 | 6.6% | 22.2% | ||
| Q3 25 | 14.7% | 14.7% | ||
| Q2 25 | 10.7% | 18.0% | ||
| Q1 25 | -2.4% | -1.4% | ||
| Q4 24 | 13.5% | 0.4% | ||
| Q3 24 | 10.4% | 1.6% |
资本支出强度GDMU
| Q2 26 | — | 21.0% | ||
| Q1 26 | 1.5% | 26.8% | ||
| Q4 25 | 4.2% | 39.5% | ||
| Q3 25 | 1.6% | 140.1% | ||
| Q2 25 | 1.5% | 31.6% | ||
| Q1 25 | 1.2% | 50.4% | ||
| Q4 24 | 2.7% | 36.8% | ||
| Q3 24 | 1.7% | 108.2% |
现金转化率GDMU
| Q2 26 | — | 1.47× | ||
| Q1 26 | — | 0.86× | ||
| Q4 25 | 1.37× | 1.61× | ||
| Q3 25 | 1.99× | 5.47× | ||
| Q2 25 | 1.58× | 2.45× | ||
| Q1 25 | -0.15× | 2.49× | ||
| Q4 24 | 1.88× | 1.73× | ||
| Q3 24 | 1.52× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
